denkapparat Operations GmbH Invests $1.11 Million in Sunbelt Rentals Holdings, Inc. Common Stock $SUNB

denkapparat Operations GmbH purchased a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 15,290 shares of the company’s stock, valued at approximately $1,114,000.

A number of other large investors have also recently modified their holdings of SUNB. Councilmark Asset Management LLC grew its stake in Sunbelt Rentals Holdings, Inc. Common Stock by 1.5% in the second quarter. Councilmark Asset Management LLC now owns 10,020 shares of the company’s stock worth $750,000 after purchasing an additional 150 shares in the last quarter. Legacy Financial Advisors Inc. bought a new stake in Sunbelt Rentals Holdings, Inc. Common Stock during the 2nd quarter valued at $411,000. Live Oak Private Wealth LLC bought a new stake in Sunbelt Rentals Holdings, Inc. Common Stock during the 2nd quarter valued at $4,088,000. Nykredit A S purchased a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter worth $16,543,000. Finally, TD Waterhouse Canada Inc. purchased a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter worth $5,245,000.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Down 1.9%

Shares of Sunbelt Rentals Holdings, Inc. Common Stock stock opened at $65.83 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.83 and a current ratio of 0.90. The stock has a market cap of $26.99 billion and a P/E ratio of 88.96. The stock has a 50 day moving average price of $74.98. Sunbelt Rentals Holdings, Inc. Common Stock has a 52-week low of $61.03 and a 52-week high of $86.68.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last announced its earnings results on Tuesday, June 23rd. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. The firm had revenue of $2.75 billion during the quarter. During the same period last year, the business posted $0.76 EPS. As a group, equities research analysts forecast that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.18 EPS for the current fiscal year.

Sunbelt Rentals Holdings, Inc. Common Stock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Friday, July 10th. Sunbelt Rentals Holdings, Inc. Common Stock’s dividend payout ratio is currently 405.41%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SUNB. Royal Bank Of Canada upgraded Sunbelt Rentals Holdings, Inc. Common Stock from an “underperform” rating to a “sector perform” rating and set a $80.00 price target on the stock in a research note on Friday, June 19th. KeyCorp reaffirmed an “overweight” rating and issued a $85.00 price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Wednesday, June 24th. Weiss Ratings downgraded Sunbelt Rentals Holdings, Inc. Common Stock from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. Citigroup reduced their price target on Sunbelt Rentals Holdings, Inc. Common Stock to $90.00 and set a “buy” rating for the company in a research report on Wednesday, June 24th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $96.00 price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Tuesday, July 21st. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $83.67.

Insider Buying and Selling at Sunbelt Rentals Holdings, Inc. Common Stock

In other news, COO John Washburn sold 3,351 shares of the firm’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $70.00, for a total value of $234,570.00. Following the completion of the sale, the chief operating officer owned 72,394 shares of the company’s stock, valued at $5,067,580. This trade represents a 4.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.16% of the stock is owned by insiders.

Sunbelt Rentals Holdings, Inc. Common Stock Profile

Sunbelt Rentals Holdings, Inc is a major equipment rental company that provides a broad range of rental solutions to construction, industrial, municipal and specialty markets. The company’s business centers on short- and long-term rental of equipment used for earthmoving, aerial access, material handling, power generation, climate control, pumps and general tools, supporting customers who need flexible access to capital-intensive assets without the expense of ownership.

In addition to physical equipment, Sunbelt Rentals offers complementary services designed to keep projects running efficiently.